Review of Bank of Nova Scotia

OCT 10, 2024 - BNS has established itself as a leading bank in the Americas offering a broad range of services and products such as personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The Bank employs 89,239 workers, has 2,279 branches and offices, and 8,584 automated-banking-machines (ABMs). BNS is the cheapest Canadian Bank and also pays the highest yield. We think further multiple expansion could occur as BNS executes on its strategy and continues to string together earnings beats. With a positive outlook we are maintain our rating of an A-.

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Toronto-Dominion Bank (The) (TD $106.32)
- $106.32 P/E (TTM): 8.97X Cap: $181.50B
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Bank of Nova Scotia (The) (BNS $87.74)
- $87.74 P/E (TTM): 16.87X Cap: $108.93B
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Constellation Software Inc. (CSU $4,392.79)
- $4,392.79 P/E (TTM): 108.48X Cap: $93.08B
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Dollarama Inc. (DOL $188.77)
- $188.77 P/E (TTM): 41.76X Cap: $52.17B
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Intact Financial Corporation (IFC $277.97)
- $277.97 P/E (TTM): 22.47X Cap: $49.57B
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WSP Global Inc. (WSP $288.28)
- $288.28 P/E (TTM): 46.91X Cap: $37.62B
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Descartes Systems Group Inc. (The) (DSG $144.53)
- $144.53 P/E (TTM): 61.82X Cap: $12.42B
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FirstService Corporation (FSV $283.12)
- $283.12 P/E (TTM): 65.59X Cap: $12.89B
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Toromont Industries Ltd. (TIH $147.08)
- $147.08 P/E (TTM): 24.84X Cap: $11.95B
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Thomson Reuters Corporation (TRI $239.50)
- $239.50 P/E (TTM): 47.95X Cap: $107.93B
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Alimentation Couche-Tard Inc. (ATD $73.64)
- $73.64 P/E (TTM): 19.64X Cap: $69.26B
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Shopify Inc. Class A Subordinate Voting Shares (SHOP $198.49)
- $198.49 P/E (TTM): 80.6X Cap: $257.91B
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goeasy Ltd. (GSY $207.45)
- $207.45 P/E (TTM): 12.47X Cap: $3.33B
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EQB Inc. (EQB $91.23)
- $91.23 P/E (TTM): 10.34X Cap: $3.49B
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Brookfield Corporation Class A Limited Voting Shares (BN $93.80)
- $93.80 P/E (TTM): 157.67X Cap: $140.31B
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Q: My son (23) has 9000$ to invest in his first TFSA (he already has a FHSA account that is maxed out). He wants to open a TFSA investing account. Do you have a recommendation for how he breaks up the 9000.00 (ie. 3 stocks)? Are there any sectors that he should focus on at first? Do any particular stocks jump out at you as suitable for this kind or foray into the market?

Thanks in advance
Sue

Read Answer Asked by Susan on September 11, 2025

Royal Bank of Canada (RY $199.63)
- $199.63 P/E (TTM): 20.14X Cap: $280.47B
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Toronto-Dominion Bank (The) (TD $106.32)
- $106.32 P/E (TTM): 8.97X Cap: $181.50B
- View TD Profile
- View Questions on TD
Bank of Nova Scotia (The) (BNS $87.74)
- $87.74 P/E (TTM): 16.87X Cap: $108.93B
- View BNS Profile
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- View Reports on BNS
Bank of Montreal (BMO $174.93)
- $174.93 P/E (TTM): 14.54X Cap: $125.30B
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Canadian Imperial Bank Of Commerce (CM $109.59)
- $109.59 P/E (TTM): 17.4X Cap: $101.85B
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National Bank of Canada (NA $149.45)
- $149.45 P/E (TTM): 14.23X Cap: $58.57B
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Q: In your opinion, are Cdn. bank stocks overvalued and is it time to trim. Along with two Cdn insurance companies they currently represent approximately 26% of our portfolio

Read Answer Asked by Donald on September 11, 2025

Royal Bank of Canada (RY $199.63)
- $199.63 P/E (TTM): 20.14X Cap: $280.47B
- View RY Profile
- View Questions on RY
Toronto-Dominion Bank (The) (TD $106.32)
- $106.32 P/E (TTM): 8.97X Cap: $181.50B
- View TD Profile
- View Questions on TD
Bank of Nova Scotia (The) (BNS $87.74)
- $87.74 P/E (TTM): 16.87X Cap: $108.93B
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- View Reports on BNS
Canadian National Railway Company (CNR $129.39)
- $129.39 P/E (TTM): 17.82X Cap: $80.76B
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Enbridge Inc. (ENB $67.98)
- $67.98 P/E (TTM): 23.89X Cap: $148.26B
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TC Energy Corporation (TRP $72.45)
- $72.45 P/E (TTM): 17.76X Cap: $75.29B
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Canadian Pacific Kansas City Limited (CP $103.98)
- $103.98 P/E (TTM): 23.16X Cap: $96.74B
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Fortis Inc. (FTS $68.37)
- $68.37 P/E (TTM): 20.11X Cap: $34.43B
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Canadian Utilities Limited Class A Non-Voting Shares (CU $38.12)
- $38.12 P/E (TTM): 23.24X Cap: $10.36B
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Emera Incorporated (EMA $64.79)
- $64.79 P/E (TTM): 21.96X Cap: $19.39B
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Q: Your thoughts please on this TFSA used by a retired banker that is very simple but has vastly outpermormed the TSX. I realize only 3 sectors are covered but looks to be all quality companies?

Thx

Read Answer Asked by blake on September 04, 2025